Polymet Mining Corp (PLM)

[E-bo 904]

Looks like the Allete company is the one behind Polymet! Jon Cherry is a puppet.

This mine is about Allete getting the copper that they need to help them expand their renewable energy business. They get to control their own supply of copper through the Northmet mine while Glencore provides funding and mining expertise, in return Glencore gets the precious metals.

Alletes saves HUGE by cutting out a third party copper producer and they will pay undermarket value.


"He'll be the first to point out that the company's new solar farm at Camp Ripley uses more than 30 tons of copper, and its Bison Wind Energy Center in North Dakota uses 1,500 tons, and that copper has to come from somewhere — possibly another big new customer, PolyMet Mining Corp. As he said at last week's investor meeting: "Minnesota is a leader in clean energy, and it can also be a leader in clean mineral mining." (Hodnik is on the board of directors for PolyMet, which is edging closer to getting permits for a copper and nickel mine in northern Minnesota.)

That might not make him friends with environmentalists, who remain staunchly opposed to copper mining in the state, but renewable energy requires nonrenewable resources"



http://www.duluthnewstribune.com/business/energy/4266670-allete-powers-duluth-based-company-thriving-it-renews-focus-all-things